Play Video
In a conference call on Aug. 1, Waterous said that Strathcona has decided to go public since it believes that the sector in general is undervalued and provides “multiple attractive acquisition” opportunities. He added that while many of Strathcona’s targets were happy to take cash, there are others interested in partnering with the company by acquiring shares in a public company.Article content
Owned by private equity firm Waterous Energy Fund, Strathcona has been a big buyer of Canadian oil and gas assets ever since it was formed in 2020. It acquired Saskatchewan-based heavy oil company Serafina Energy Ltd. in August last year. It purchased Caltex Resources in March 2022 and Osum Oil Sands Corp. in June 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strathcona Resources to go public through deal to buy Pipestone EnergyStrathcona Resources says it will go public through a deal to purchase oil and gas exploration company Pipestone Energy Corp.
Source: CTVCalgary - 🏆 26. / 68 Read more »
Strathcona Resources to go public via deal to buy Pipestone EnergyStrathcona Resources said it will go public via a deal to buy Pipestone Energy making the new company Canada\u0027s fifth\u002Dlargest oil producer. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »
Strathcona Resources to go public through deal to buy Pipestone Energy - BNN BloombergStrathcona Resources Ltd. says it will go public through a deal to purchase oil and gas exploration company Pipestone Energy Corp.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Strathcona to become fifth-largest Canadian oil producer after Pipestone takeoverStrathcona Resources said it will go public via a deal to buy Pipestone Energy making the new company Canada\u0027s fifth\u002Dlargest oil producer. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »
Strathcona to become fifth-largest Canadian oil producer after Pipestone takeoverStrathcona Resources said it will go public via a deal to buy Pipestone Energy making the new company Canada\u0027s fifth\u002Dlargest oil producer. Read on.
Source: calgaryherald - 🏆 64. / 52 Read more »
Strathcona to become fifth-largest Canadian oil producer after Pipestone takeoverStrathcona Resources said it will go public via a deal to buy Pipestone Energy making the new company Canada\u0027s fifth\u002Dlargest oil producer. Read on.
Source: calgaryherald - 🏆 64. / 52 Read more »